Innovative Industrial Properties Inc reports results for the quarter ended June 30 - Earnings Summary

Innovative Industrial Properties

06/08/2025 23:45

Innovative Industrial Properties Inc IIPR.N reported quarterly adjusted earnings of 86 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.34.  The mean expectation of three analysts for the quarter was for earnings of $1.08 per share. Wall Street expected results to range from 96 cents to $1.25 per share.

Revenue fell 21.2% to $62.89 million from a year ago; analysts expected $63.87 million.

Innovative Industrial Properties Inc's reported EPS for the quarter was 86 cents​.

The company reported quarterly net income of $25.15 million.

Innovative Industrial Properties Inc shares had fallen by 5.3% this quarter and lost 21.5% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 4.7% in the last three months.​

In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 3 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the commercial reits peer group is  "buy."

Wall Street's median 12-month price target for Innovative Industrial Properties Inc is $53.00, about 2.6% above its last closing price of $51.62

This summary was machine generated from LSEG data August 6 at 10:45 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Jun. 30 2025
1.48
1.71
Beat
Mar. 31 2025
1.94
1.94
Met
Dec. 31 2024
2.04
2.22
Beat
Sep. 30 2024
2.27
2.25
Missed